Payday unemployment lenders are often castigated for exploiting people who have limited excess to mainstream by making high risk unemployed loans with expensive rates available to those who are desperate to get a loan from anyone, anywhere. Despite the high costs with online jobless loans, people do appreciate that there are loan companies who can grant a loan to people with no job.

Unemployed payday lenders generally do not run credit checks on applicants and if you are looking to borrow money when you are without work, some no credit check lenders may accept people who are on unemployment assistance to use the grants from the government to secure against a short term cash advance.

In order for anyone who wants to apply for a loan with benefits, there is often a prerequisite which states that your unemployment income should be received by direct deposit. Hence, you'd need a bank checking or savings account which allows for that. The reason for this is because lenders can be guaranteed that they will have access to debit the owed sum directly from your bank account when the maturity date of the loan is due.

Hence, if you need to borrow money without a bank account, you may be faced with this obstacle. Savings accounts are easy to apply and some banks have low fee savings accounts with no minimum deposit. It is better that anyone who need to borrow money without bank accounts to get one of those so that you are eligible for unemployed payday loans online.

Getting into cash tight situations are unavoidable if you have been unemployed for quite some time and have no income or little savings. If left unchecked, a person who is on long term unemployment may even face serious problems in making ends meet for his family. He or she may find it a struggle as the bills continue to accrue but there is no salary coming in to pay off these expenses.

If push comes to shove, many people who are short on cash will quickly try to seek out a personal loan for paying off bills. But if you are jobless, you may wonder if there are any real cash lenders who give direct loans with no employment check.

Many people who are without a job and need emergency cash tend to worry if it is easy to apply for a personal loan when they are jobless. Their worries are understandable as lending rules are not as relaxed in the present day, given that if people with bad credit can be constantly turned away for a loan, what chance is there for an unemployed parent to get a cash loan fast?

Although it is true that guaranteed loan lenders do weigh in on your employment status when reviewing loan applications, not having a job doesn't mean you cannot qualify for a personal cash advance that can be paid by installments. As a matter of fact, there are many real cash lenders that give unemployment loans with no job verification requirements. These quick personal loans with no employment check can come in useful when you are rejected by banks that give signature loans for people with no job.

While these real loan lenders invariably charge much higher interest rates, you should take a perspective view and accept that such is the cost of borrowing money when you are without a job or have very bad credit: both factors which limit your options in the mainstream market.